We may have to add China to the list of Olympic hosts that got a raw deal.Most of the $3-billion in new stadiums, renovations and training centres prepared for the 2008 games are empty and losing money, according to Caixin’s Wang Yuqian.
Some highlights from Caixin:
- Only a third of major sports venues nationwide break even.
- The rest of them lost $44 million in 2010 alone.
- Beijing’s famous Bird’s Nest hosted only 12 events last year. Through the winter the $500-million venue served as a skating rink.
- Tourist visits to the Bird’s Nest and Beijing Water Cube have steadily declined since the Olympics.
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